The State-Owned Enterprises Unit under the Ministry of Finance and Economic Affairs Directorate of Public Enterprises is committed to improving the oversight function and governance framework in State-Owned Enterprises  through best international practices whilst contributing significantly towards the overall vision and mission of the Ministry of Finance and Economic Affairs(MOFEA).

• Core Mandate
  • Preparation of policies, issuing circulars and guidelines to implement Good Governance  for State Owned Enterprises
  • Safeguarding the public interest by monitoring, guiding and directing SOEs to optimize performance and achieve expected targets and outcomes
  • Reviewing for approval of SOEs strategic plans and annual budgets
  • Monitoring and reporting on budget performance and implementation
  • Strengthening the process of nomination, selection and composition of SOEs board of directors
  • Constantly improving the skills and relevance of board members of SOEs accountability through the introduction of Performance Contract agreements
  • Improving the financial relations between the state and the SOEs inherent in the ownership and oversight functions of the unit
• Key Objectives

  The key objective of the SOE unit is to ensure long-term sustainable growth for SOEs so that the public, through the Government, can realize value-for-money in their investments and quality service delivery of the SOEs.

• Strategies
  • The SOE unit of the DPPP&PE charged with the responsibility to reform the SOE sector has put in place a coherent strategy and action plan to guide the process of improving SOE performance through:
  • Actively monitoring and assessing SOEs on a regular and timely basis using all available financial and qualitative data
  • Compilation of sectoral data and preparation of monthly, quarterly and annual reports based on international reporting standards
• Key Achievements
  • Granted cabinet approval for a World Bank supported three-year (2017-2019) reform agenda and action plan for the SOE sector.
  • Validated a code of good corporate governance document at a forum attended by all relevant stakeholders. 
  • Initiated the dialogue on the restoration of Performance Contracts across the SOE sector.
• Downloads (83)
  

  GNPC - FINANCIAL STATEMENTS AND REPORT FOR THE YEAR ENDED 31st DECEMBER 2020

  SIGNED FINANCIAL STATEMENTS AND REPORT FOR THE YEAR ENDED 31st DECEMBER 2020

  • Filesize: 9.27 MB
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  SSHFC - SIGNED FINANCIAL STATEMENTS FOR THE YEAR ENDED 2020

  SSHFC -  SIGNED FINANCIAL STATEMENTS FOR THE YEAR ENDED 2020

  • Filesize: 6.48 MB
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  ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 (GIA)

  GAMBIA INTERNATIONAL AIRLINES LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 

  • Filesize: 10.79 MB
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  GRTS FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

  GRTS FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

  • Filesize: 4.50 MB
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  GAMPOST 2020 FINANCIAL STATEMENTS

  ANNUAL REPORT AND FINANCIAL STATEMENT FOR THE YEAR ENDED 31st DECEMBER 2020 (GAMPOST)

  • Filesize: 17.69 MB
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  NFSP&MC 2020 FINANCIAL STATEMENT

  ANNUAL REPORT AND FINANCIAL STATEMENT FOR THE YEAR ENDED 30TH SEPTEMBER 2020 (NFSP&MC)

  • Filesize: 2.03 MB
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  GPA 2020 SIGNED FINANCIAL STATEMENTS

  ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 (GPA)

  • Filesize: 6.75 MB
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  GCAA 2020 AUDITED FINANCIAL STATEMENTS

  ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 (GCAA)

  • Filesize: 5.99 MB
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  GAMTEL 2020 AUDITED FINANCIAL STATEMENTS

  ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 (GAMTEL)

  • Filesize: 20.53 MB
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  GAMCEL 2020 SIGNED AUDITED ACCOUNTS

  ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 (GAMCEL)

  • Filesize: 6.32 MB
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  NAWEC 2019

  • Filesize: 870.04 KB
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  NFSPMC 2017

  • Filesize: 1.12 MB
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  NFSPMC 2018

  • Filesize: 1.01 MB
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  NFSPMC 2019

  • Filesize: 1.08 MB
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  GAMPOST 2019

  • Filesize: 1.07 MB
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  GAMPOST 2018

  • Filesize: 1.11 MB
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  GAMPOST 2017

  • Filesize: 1.08 MB
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  GAMCEL 2019

  • Filesize: 2.06 MB
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  GAMCEL 2018

  • Filesize: 2.19 MB
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  GAMCEL 2016

  • Filesize: 1.87 MB
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  AMRC 2019

  • Filesize: 1.70 MB
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  AMRC 2018

  • Filesize: 1.47 MB
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  AMRC 2017

  • Filesize: 1.10 MB
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  SSHFC 2018, 2019

  • Filesize: 2.10 MB
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  SSHFC 2017

  • Filesize: 2.95 MB
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  NAWEC 2018

  • Filesize: 1.24 MB
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  NAWEC 2017

  • Filesize: 1.26 MB
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  GRTS 2019

  • Filesize: 993.29 KB
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  GRTS 2018

  • Filesize: 953.46 KB
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  GRTS 2017

  • Filesize: 915.19 KB
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  GPPC 2019

  • Filesize: 1.45 MB
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  GPPC 2018

  • Filesize: 1.09 MB
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  GPPC 2017

  • Filesize: 986.99 KB
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  GPA 2019

  • Filesize: 1.46 MB
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  GPA 2018

  • Filesize: 2.41 MB
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  GPA 2017

  • Filesize: 2.13 MB
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  GNPC 2019

  • Filesize: 1.17 MB
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  GNPC 2018

  • Filesize: 1.33 MB
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  GNPC 2017

  • Filesize: 1.50 MB
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  GIA 2019

  • Filesize: 423.02 KB
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  GIA 2018

  • Filesize: 425.43 KB
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  GIA 2017

  • Filesize: 993.38 KB
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  GCAA 2019

  • Filesize: 922.05 KB
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  GCAA 2018

  • Filesize: 1.11 MB
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  GCAA 2017

  • Filesize: 1.55 MB
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  GAMTEL 2019

  • Filesize: 2.16 MB
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  GAMTEL 2018

  • Filesize: 1.89 MB
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  GAMTEL 2017

  • Filesize: 1.74 MB
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  GAMTEL 2016

  • Filesize: 1.92 MB
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  Consultancy for Transaction Advisor (consortium) for the Restructuring & Privatization of Telecommunications Assets in The Gambia

  The Government of The Gambia (GoTG) recognizes the importance of the information and communication technology (ICT) sector for the development of the overall economy. The National Development Plan (NDP) 2018-2021 specifically mentions the need to improve the telecommunications access network and to position ICT as an enabler to achieve the national development objectives. The NDP includes targets for the ICT sector to be achieved by 2021:

   

  ·                     Increase the % of population using the internet daily from 46.8% to 90%;

  ·                     Increase the proportion of population with access to mobile phones from 78.9% to 90%;

  ·                     Increase the proportion of schools connected to broadband internet from 6% to 12%; and

  ·                     Existence of National Information and Communications Infrastructure Policy II.

   

  During 2018, with the support of the World Bank, the GoTG undertook a detailed assessment of the ICT sector with a view to identifying options to improve sector performance and reduce the fiscal burden to GoTG. This work included preparation of a baseline assessment, identification and evaluation of options for the reform of Gamtel, Gamcel and other GoTG telecom investments.

  Please find attached thE TOR and REOI documents for your information.

   

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  CODE OF GOOD CORPORATE GOVERNANCE FOR STATE-OWNED ENTERPRISES IN THE GAMBIA

  This Code of Good Corporate Governance aims to define the responsibilities and accountabilities of the Board of Directors and Officers of State-Owned Enterprises (SOEs). It is the primary source of guidance on all aspects of governance including statutory guidance under which the SOEs operate if not conflicted with Acts of Parliament. The focus is on commercial SOEs at the national level in which government has significant control through full, majority, or substantial minority ownership.

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  MOU Between SSHFC AND GIA

  • Filesize: 2.51 MB
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  MOU Between SSHFC AND GAMCEL

  • Filesize: 752.89 KB
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  Gambia Telecommunication Company (GAMTEL) -2015

  • Filesize: 14.80 MB
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  Gambia Printing & Publishing Corporation (GPPC) - 2015 Accounts

  • Filesize: 1.65 MB
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  Gambia Postal Services (GAMPOST) - 2015 Accounts

  • Filesize: 3.77 MB
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  Gambia Port Authority (GPA) - 2015 Accounts

  • Filesize: 7.77 MB
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  Gambia International Airlines (GIA) - 2015 Accounts

  • Filesize: 3.78 MB
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  Assets Management & Recovery Corporation (AMRC) - 2015 Accounts

  • Filesize: 4.86 MB
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  Social Security Housing and Financial Corporation (SSHFC) - 2013 Accounts

  • Filesize: 0 B
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  National Water and Electric Company (NAWEC) - 2013 Accounts

  • Filesize: 2.77 MB
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  National Water and Electric Company (NAWEC) - 2014 Accounts

  • Filesize: 743.25 KB
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  Gambia Telecommunication Company (GAMTEL) - 2014 Accounts

  • Filesize: 3.76 MB
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  Gambia Telecommunication Company (GAMTEL) - 2013 Accounts

  • Filesize: 3.05 MB
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  Gambia Telecommunication Cellular (GAMCEL) - 2014 Accounts

  • Filesize: 4.41 MB
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  Gambia Telecommunication Cellular (GAMCEL) - 2013 Accounts

  • Filesize: 2.85 MB
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  Gambia Radio and Television Services (GRTS) - 2014 Accounts

  • Filesize: 2.33 MB
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  Gambia Radio and Television Services (GRTS) - 2013 Accounts

  • Filesize: 3.18 MB
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  Gambia Printing & Publishing Corporation (GPPC) - 2013 Accounts

  • Filesize: 1.36 MB
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  Gambia Postal Services (GAMPOST) - 2014 Accounts

  • Filesize: 2.23 MB
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  Gambia Postal Services (GAMPOST) - 2013 Accounts

  • Filesize: 2.63 MB
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  Gambia Port Authority (GPA) - 2014 Accounts

  • Filesize: 3.60 MB
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  Gambia Port Authority (GPA) - 2013 Accounts

  • Filesize: 3.67 MB
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  Gambia National Petroleum Company (GNPC) - 2014 Accounts

  • Filesize: 2.60 MB
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  Gambia National Petroleum Company (GNPC) - 2013 Accounts

  • Filesize: 2.98 MB
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  Gambia International Airlines (GIA) - 2014 Accounts

  • Filesize: 3.07 MB
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  Gambia International Airlines (GIA) - 2013 Accounts

  • Filesize: 2.97 MB
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  Gambia Groundnut Corporation (GGC) - 2014 Accounts

  • Filesize: 2.22 MB
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  Gambia Groundnut Corporation (GGC) - 2013 Accounts

  • Filesize: 2.54 MB
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  Gambia Civil Aviation Authority (GCAA) - 2014 Accounts

  • Filesize: 2.22 MB
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  Gambia Civil Aviation Authority (GCAA) - 2013 Accounts

  • Filesize: 2.54 MB
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  Assets Management & Recovery Corporation (AMRC) - 2014 Accounts

  • Filesize: 2.72 MB
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  Assets Management & Recovery Corporation (AMRC) - 2013 Accounts

  • Filesize: 2.84 MB
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Listing of State-owned Enterprises

Assets Management & Recovery Corporation

Gambia Civil Aviation Authority

Gambia Groundnut Corporation

Gambia International Airlines

Gambia National Petroleum Company

Gambia Ports Authority

Gambia Postal Services

Gambia Public Printing Corperation

Gambia Radio & Television Services

Gambia Telecommunication Cellular Company

Gambia Telecommunication Company

National Water and Electricity Corporation

Social Security Housing & Finance Corporation